Common use of Duties of Officers Generally Clause in Contracts

Duties of Officers Generally. Under the direction of and at all times subject to the authority of the Board and the terms of this Agreement, the officers shall have full and complete discretion to manage and control the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, to make all decisions affecting the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such other powers and duties as may be prescribed by the Board or this Agreement. The Chief Executive Officer and the President shall have the power and authority to delegate to any agents or employees of the Company rights and powers of officers of the Company to manage and control the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, as the Chief Executive Officer or the President may deem appropriate from time to time, in each case, unless the Board shall have previously restricted (specifically or generally) such powers.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.)

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Duties of Officers Generally. Under the direction of and and, at all times times, subject to the authority of the Board and the terms of this AgreementBoard, the officers shall have full and complete discretion to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, to make all decisions affecting the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such other powers and duties as may be prescribed by the Board or this Agreement. The Chief Executive Officer and the President shall have the power and authority to delegate to any agents or employees of the Company rights and powers of officers of the Company to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, as the Chief Executive Officer or the President may deem appropriate from time to time, in each case, unless the Board shall have previously restricted (specifically or generally) such powers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hc2 Holdings, Inc.), Operating Agreement (H&e Finance Corp)

Duties of Officers Generally. Under the direction of and at all times subject to the authority of the Board and the terms of this Agreement, the officers shall have full and complete discretion to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, to make all decisions affecting the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such other powers and duties as may be prescribed by the Board or this Agreement. The Chief Executive Officer and the President shall have the power and authority to delegate to any agents or employees of the Company rights and powers of officers of the Company to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, as the Chief Executive Officer or the President may deem appropriate from time to time, in each case, unless the Board shall have previously restricted (specifically or generally) such powers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.), Limited Liability Company Agreement (Teekay Corp)

Duties of Officers Generally. Under the direction of and and, at all times times, subject to the authority of the Board and the terms of this AgreementGeneral Partners, the officers Officers shall have full and complete discretion to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company Partnership in the ordinary course of its business, to make all decisions affecting the day‑to‑day day-to-day business, operations and affairs of the Company Partnership in the ordinary course of its business, business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board General Partners shall have previously restricted (specifically or generally) such powers. In addition, the officers Officers shall have such other powers and duties as may be prescribed by the Board General Partners or this Agreement. The Chief Executive Officer chief executive officer and the President president shall have the power and authority to delegate to any agents or employees of the Company Partnership rights and powers of officers Officers of the Company Partnership to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company Partnership in the ordinary course of its business, as the Chief Executive Officer chief executive officer or the President president may deem appropriate from time to time, in each case, unless the Board General Partners shall have previously restricted (specifically or generally) such powers. Officers of the Partnership shall have the duties of officers applicable to officers of corporations organized under GCL.

Appears in 2 contracts

Samples: Recapitalization Agreement (Grande Communications Holdings, Inc.), Limited Partnership Agreement (Grande Communications Holdings, Inc.)

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Duties of Officers Generally. Under the direction of and and, at all times times, subject to the authority of the Board and the terms of this AgreementBoard, the officers shall have full and complete discretion to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, to make all decisions affecting the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, business and to take all such actions as ad they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such other powers and duties as may be prescribed by the Board or this Agreement. The Chief Executive Officer and the President shall have the power and authority to delegate to any agents or employees of the Company Company, the rights and powers of officers of the Company to manage and control the day‑to‑day day-to-day business, operations and affairs of the Company in the ordinary course of its business, as the Chief Executive Officer or the President may deem appropriate from time to time, in each case, unless the Board shall have previously restricted (specifically or generally) such powers.

Appears in 2 contracts

Samples: Operating Agreement (MedAssets Ventures, LLC), Operating Agreement (MedAssets Ventures, LLC)

Duties of Officers Generally. Under the direction of and and, at all times times, subject to the authority of the Board and the terms of this AgreementBoard, the officers shall have full and complete discretion to manage and control the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, to make all decisions affecting the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, business and to take all such actions as they deem necessary or appropriate to accomplish the foregoing, in each case, unless the Board shall have previously restricted (specifically or generally) such powers. In addition, the officers shall have such other powers and duties as may be prescribed by the Board or this Agreement. The Chief Executive Officer and the President shall have the power and authority to delegate to any agents or employees of the Company rights and powers of officers of the Company to manage and control the day‑to‑day business, operations and affairs of the Company in the ordinary course of its business, as the Chief Executive Officer or the President may deem appropriate from time to time, in each case, unless the Board shall have previously restricted (specifically or generally) such powers.

Appears in 1 contract

Samples: Business Purchase Agreement (Hc2 Holdings, Inc.)

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